Calculates the simple interest in balanceMbr at the rate specified by creditrateMbrConst if the value specified by balanceMbr is positive, or at the rate specified by borrowrateMbrConst if balanceMbr is negative. The interest is calculated for each time period specified by rangeList.
Syntax
@INTEREST (balanceMbr, creditrateMbrConst, borrowrateMbrConst [, rangeList])
| Parameter | Description |
|---|---|
balanceMbr | Single member specification representing the balance at the time the interest is calculated. |
creditrateMbrConst | Single member specification, variable name, or numeric expression providing a constant value. The value must be a decimal number that corresponds to a percentage. The value represents the per-period interest rate. |
borrowrateMbrConst | Single member specification, variable name, or numeric expression providing a constant value. The value must be a decimal number corresponding to a percentage value. The value represents the per-period interest rate. |
rangeList | Optional. A valid member name, a comma-delimited list of member names, member set functions, and range functions from the dimension tagged as Time. If rangeList is not specified, Essbase uses the level 0 members from the dimension tagged as Time. |
Notes
Financial functions never return a value; rather, they calculate a series of values internally based on the range specified.
Example
This example calculates the interest for Balance, using Credit Rate for positive balances and using Borrow Rate for negative balances. The results are placed in Interest Amount for each fiscal year.
"Interest Amount" = @INTEREST(Balance,"Credit Rate","Borrow Rate", FY1998:FY2001,FY2002,FY2003);
This example produces the following report:
FY1998 FY1999 FY2000 FY2001 FY2002 FY2003
====== ====== ====== ====== ====== ======
Balance 2000.00 3000.00 -1000.00 3000.00 9000.00 -6000.00
Credit Rate 0.065 0.065 0.065 0.065 0.065 0.065
Borrow Rate 0.1125 0.1125 0.1125 0.1125 0.1125 0.1125
Interest Amount 130.00 195.00 -112.50 195.00 585.00 -675.00See Also